Bitcoin Rewards company Lolli raises $ 10m fund led by social media mogul Acrew Capital

Bitcoin rewards platform Lolli announced the company was closing a $ 10 million Series A funding round on Wednesday. Lolly said the new funding would help the company expand, Recruit and develop new partnerships.

Lolly Raises $ 10 Million
New York-based Lolli has raised $ 10 million from investors, according to the company’s July 28 announcement. Serie A is led by Acrew Capital, Banana Capital, up North Management and Animal Capital, the company said.

The animal company was founded by social media Mogul Noah Beck, Josh Richards and Griffin Johnson. Lolly also noted that investors such as Baron Davis, Kenny Beacham, Logan Paul and Chantel Jeffries were also involved.

Matt Center, CTO and lolli co-founder, said the investment capital shows the company understands the bitcoin-based business is thriving.

“Acrew’s significant stake in Lolli says two things: the bitcoin business is booming, and as the original bitcoin rewards platform, Lolli has a better team to boost adoption in the long term.”Series A funding will be used to expand the company, recruit new employees and “further develop the newly launched mobile app.”

Tiktok star and social media giant Josh Richards and youtuber and entrepreneur Logan Paul also discussed investments in Lolli. “I am excited to invest and contribute to the growth of a company that enables users to gain and learn from this new asset class,” YouTube star Logan Paul said Wednesday.”Josh Richards said his company, Animal Capital, believes in companies that fit into modernity. Richards noted during the announcement:

At Animal Capital, we believe in companies that meet modern users wherever they are-giving buyers of all ages the opportunity to invest in bitcoin, Lolli is ready to change the way people, especially younger buyers, think about investing.

Lolly competition, Scorsese

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